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Trump threatens EU with trade deficit tariffs and calls for more US energy purchases

Karem Wintourd Penn

President-elect Donald Trump ramped up his rhetoric on trade on Friday, warning the European Union that it must significantly reduce its trade deficit with the United States by buying more…

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The Fed plans to cut interest rates as it faces economic uncertainty under the new Trump administration

Karem Wintourd Penn

The U.S. Federal Reserve is expected to cut its benchmark interest rate by a quarter of a percentage point this week, a move some analysts are calling a “hard reversal”…

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Biden sets ambitious emissions reduction target while Trump promises to reverse climate progress

Karem Wintourd Penn

President Joe Biden announced a bold plan to reduce U.S. greenhouse gas emissions by more than 60% by 2035, reaffirming his administration's commitment to fighting global warming. This move comes…

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NBA introduces new All-Star Game format to increase competition and fan engagement

Karem Wintourd Penn

The NBA All-Star Game is set to undergo another major transformation, as the league announced a new three-team mini-tournament format for this year's event in San Francisco. Featuring the league's…

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Parliament approves financing law to avoid government shutdown, but battle over debt ceiling looms

Karem Wintourd Penn

The Republican-led US House of Representatives passed legislation on Friday to prevent a government shutdown, rejecting President-elect Donald Trump's calls to include billions of dollars in new funding. The bill,…

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The US Supreme Court will hear arguments over the federal law that threatens a TikTok ban

Karem Wintourd Penn

The US Supreme Court has announced that it will hear arguments on January 10, 2025 on the constitutionality of a federal law that could ban TikTok in the US unless…

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The Swiss National Bank surprises markets with a larger rate cut amid inflationary challenges

Karem Wintourd Penn

The Swiss National Bank (SNB) made an unexpected policy adjustment on Thursday, cutting its benchmark interest rate by 50 basis points. This larger-than-expected cut defied the forecasts of most economists,…

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Trump announces ambassadorial appointments to Uruguay and Dominican Republic

Karem Wintourd Penn

Donald Trump, the president-elect of the United States, has announced two major diplomatic appointments ahead of his inauguration. In a statement shared on his Truth Social account, Trump revealed that…

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Wholesale prices and labor market trends fuel contrasting economic prospects

Karem Wintourd Penn

November brought an unexpected rise in wholesale prices, casting doubt on the pace of inflation's decline, according to data released Thursday by the Bureau of Labor Statistics (BLS). The producer…

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China outlines growth strategies and signals stronger economic policies for 2025

Karem Wintourd Penn

Chinese leaders reaffirmed their commitment to boosting the nation's economy by unveiling plans for more aggressive fiscal policy and moderate monetary easing at a high-level economic planning meeting that concluded…